Merger & Acqusition

Intelenet Global in talks to acquire Excelior
Intelenet Global is in talks to acquire Excelior, a business process outsourcing firm based out of Australia and servicing local companies there,according to a report. The report stated that Intelenet was recently owned by Blackstone. Excelior employs about 2,000 people across four centres in Australia and provides consulting and BPO to government entities and private firms, says report.

Tilaknagar Industries to acquire Punjab Expo Breweries
Tilaknagar Industries Ltd has announced that it has acquired the Punjab based bottling unit, Punjab Expo for Rs. 55 mn. Punjab Expo has a bottling capacity of 50,000 cases per month. Commenting on this development, Amit Dahanukar, Chairman & Managing Director of Tilaknagar Industries Ltd. said, “We are pleased with this positive development as it will enable us to grow our business operations in North India. This acquisition will aid TI in marking its presence across India and consolidating its market share. We have built a strong presence in the South and are now excited to extend our footprint in other markets pan India.”

ExlService acquires Trumbull Services
ExlService Holdings, Inc, a leading provider of transformation and outsourcing services, today announced that it has acquired Trumbull Services, LLC ("Trumbull"), a market leader in subrogation services for property and casualty insurers, from The Hartford Financial Services Group, Inc. With this acquisition, EXL strengthens its leadership position in the insurance industry with a highly-skilled and experienced employee base and an advanced software platform, and immediately becomes a leading provider of complex insurance subrogation outsourcing services. In conjunction with the transaction, EXL will continue to provide services to The Hartford consistent with its existing Trumbull relationship. Financial terms of the transaction were not disclosed. All Trumbull employees associated with the transaction have been offered comparable positions with EXL.

In Focus Stories


Global M&A deals touch US$2.2 trillion in Jan-Sept
The cumulative value of mergers and acquisitions deals globally during January-September 2011 rose 9% year-on-year to $2.18 trn,according to a report. The report stated that the value of third quarter M&A deals stood at just $633.3 bn, down 19% compared with $783.5 bn in the corresponding period last year. The value of India-focused M&A deals touched $39.2 bn in the first nine months of this year, a significant 30 per cent decline vis-a-vis the corresponding period last year, says report.

EID-Parry completes acquisition of US Nutraceuticals
E.I.D.-Parry (India) Limited has announced acquisition of 100% of the voting shares of U. S. Nutraceuticals LLC (Valensa International), a Limited Liability Company based in Florida, USA. Parry acquired a 48% stake in Valensa in 2008 as a part of its business strategy to move up the value chain in the Nutraceuticals Business.
Valensa International is a leading science-based developer and provider of high quality nature-sourced ingredients and formulations for nutritional supplements and functional super foods with its certified organic production facilities located in a protected pine forest and Saw palmetto grove in Orlando, Florida.


Domestic News

ITC acquires stake in Russell Credit
ITC Ltd has acquired the entire shareholding of Russell Credit Ltd. (wholly owned subsidiary of the Company) in Wimco Ltd. (Wimco), comprising 9,12,38,170 equity shares of Rs. 1/- each (i.e. 96.825% of Wimco's equity share capital). Consequently, Wimco has become a direct subsidiary of the Company with effect from September 29, 2011.

GAIL plans to acquire ADB stake in Petronet LNG : report
The Asian Development Bank is planning to sell 5.2% stake in Petronet LNG Ltd, which the state- owned gas utility GAIL India Ltd is keen to acquire and may have to pay over Rs. 6bn for it, according to a report. The report stated that ADB has offered to sell its 39 million shares or 5.2 percent stake in Petronet, which is valued at over Rs. 6.14bn. GAIL, Oil and Natural Gas Corp, Indian Oil and Bharat Petroleum hold a 12.5%stake each, to restrict the public sector holding in the company at 50%, says report.

Walt Disney to acquire Indiagames for US$80-100mn

Vivimed Labs acquires stake in Klar Sehen

Total deals announced in Q3 2011 was US $8.10bn:Grant Thornton

Agco Corp plans to acquire GSI Holdings Corp: report

Adobe acquires web Typography Innovator Typekit

Hanlong to acquire Sundance Resources